It is known that Banco Daycoval began its activities in 1968. From 1994 onwards, it began to operate with a commercial portfolio and give more emphasis to its current activities.
In 2007, the bank completed its IPO process and held an auction to buy back shares in 2016. In that year, the Dayan family became the controlling shareholder of 100% of the bank's share capital.
The Bank has long adopted an ethical, responsible and transparent stance in the management of its business and seeks to improve its corporate governance standards in accordance with best market practices, with the aim of preserving shareholders' rights through fair, clear and open treatment.
How the bank has operated in the market
In its very moderate performance in the financial market, the company seeks the continuous improvement of business practices and aligns its management, through the structuring of committees, with the principles of the Brazilian Institute of Corporate Governance (IBGC) and the regulations of its sector.
To make this possible, it has an efficient set of mechanisms, controls and monitoring, in order to ensure effective Corporate Governance and a transparent and collegial decision-making process.
Furthermore, the practice of good Corporate Governance also allows Banco Daycoval to better understand and respect its operating environment, increasing the level of trust in its external relations and with its employees.
Main focus of activity in the market
Banco Daycoval focuses on the Corporate Credit segment, but also offers Payroll Loans, Vehicle Financing and Credit with Property Guarantee.
In the Companies segment, the objective is to provide working capital (33%) and purchase credit rights (22%).
However, in the Consignado segment, the focus is on INSS and the Government and their respective spheres. Daycoval currently has 45 branches spread across the country, having opened a new one in 3Q19.
Growth of Banco Daycoval shares
According to information from the Central Bank, Banco Daycoval's credit portfolio grew 10.4% in 3Q19 compared to the previous quarter and 36.2% compared to the same period in 2018. This growth was driven by working capital operations, foreign trade and purchase of credit rights.
It is very important to highlight here that, despite having a portfolio with a relevant focus on companies, there is no concentration of clients, with the largest of them representing 2.6% of the portfolio and the 100 largest accounting for 18.9%.
Therefore, there is low risk related to exposure to customers.
Vehicle financing Banco Daycoval
How does it work? Basically, financing at Banco Daycoval works through a credit operation for the acquisition of Light and Heavy Vehicles. The credit can be paid in installments as long as it meets the conditions below:
- 1) Model year from: Light 1996 and Heavy 1980
- 2) Customer must have a driver's license (CNH)
- 3) Employee, Liberal Professional and Self-Employed
- 4) Have no restrictions on the name
- 5) Financing of up to 80% Light and 70% Heavy (Fipe Table)
- 6) Term up to 48 months
- 7) Approval subject to Credit Analysis
- 8) Areas of operation: SP / MG / SC / PR / ES / GO / MT / MS / RS and DF
Daycoval Financing Interest Rates
Currently, if you want to finance vehicles with BANCO DAYCOVAL SA, the interest rate is between 2.72% for loans released in 2020, according to data sent to the Central Bank of Brazil.
It is important to say that Buscacred.net does not make loans on behalf of BANCO DAYCOVAL SA, as many people think, nor on behalf of any other financial institution.
The website only informs its users which bank has the lowest interest rate on the market, whether for Vehicle Financing or another line of credit.
If you are looking for the lowest interest rate on Vehicle Financing, use our simulator above and compare BANCO DAYCOVAL SA with other banks.
Interest rates BANCO DAYCOVAL SA
| CREDIT LINE | DATE | RATE |
|---|---|---|
| PJ – Discount of invoices – Pre | 13/03/2020 | 1.11% |
| PJ – Guaranteed account – Post floating interest | 13/03/2020 | 1.23% |
| PF – Installment credit card – Pre | 13/03/2020 | 3.68% |
| PJ – Working capital with term up to 365 days – Post floating interest | 13/03/2020 | 1.19% |
| PF – Acquisition of other assets – Pre | 06/02/2017 | 7.0% |
| PF – Private personal loan – Prepaid | 13/03/2020 | 1.97% |
| PF – Special check – Pre | 13/03/2020 | 6.54% |
| PJ – Special check – Pre | 13/03/2020 | 7.73% |
| PJ – Working capital with a term of more than 365 days – Pre | 13/03/2020 | 1.19% |
| Consigned | 13/03/2020 | 1.75% |
| PF – Check discounting – Pre | 13/03/2020 | 5.23% |
| Vehicle Financing | 13/03/2020 | 2.72% |
| Personal Credit | 13/03/2020 | 8.62% |
| PJ – Guaranteed account – Pre | 13/03/2020 | 5.38% |
To do an online simulation with the bank, Click here
Other products from Banco Daycoval
The Bank is also available on digital platforms, for example, at Daycoval Digital you have different product options, as well as investments, such as LCI and LCA, LF, CDB and Investment Funds, which offer ease of investment, security and consistent results.
What are these products? In addition to personal loans and credit cards, the bank also works with Fixed Income investments and Fixed Income and Multimarket Investment Funds aimed at the most demanding investor profiles, from those who opt for conservative products to those who opt for more daring options.
To learn more about these products, Click here.
How to contact Banco Daycoval?
It's very simple, the bank has a team specialized in customer service. To get in touch with the SAC of Daycoval Bank you should call the number 0800 775 0500.
How to work at Banco Daycoval?
The Bank is an excellent place for anyone to work.
Founded 50 years ago, Banco Daycoval specializes in lending to companies, from small to large national companies. This DNA has always earned the company recognition and awards, such as the Best Middle Market Bank (the segment classified as small and medium-sized companies) in Brazil for two years in a row, according to its results measured by Austin Rating and the newspaper O Estado de S.Paulo.
To work at the bank, you need to have some specific training, technical training or even a degree in administration or IT. To apply your resume, Click here.
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